New deals put equity back into private equity

ForgeRock

12/10/2022 18:17

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Jonathan Guilford
       NEW YORK, Oct 12 (Reuters Breakingviews) - Vista
unveiled a $4.6 bln takeover of KnowBe4 while Thoma Bravo is
paying $2.3 bln for ForgeRock. There’s precious little detail
about the financing for either security software developer, but
both transactions offer hints about how buyout firms will
navigate tight debt markets.
    Full view will be published shortly.
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    CONTEXT NEWS
    Buyout firm Vista Equity Partners said on Oct. 12 it had
agreed to buy security training company KnowBe4 for $4.6
billion, a day after peer Thoma Bravo unveiled a plan to buy
secure identity verification company ForgeRock for $2.3 billion.
 (Editing by Jeffrey Goldfarb and Amanda Gomez)
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